Jefferies lowered the firm’s price target on CAE (CAE) to $27 from $28 and keeps a Hold rating on the shares. The FY26 guidance embeds a soft first half, aligned with the firm’s view that civil will face a “destocking” tied to early simulator shipments tied to delayed aircraft and sluggish U.S. hiring environment, Jefferies tells investors in a research note. The firm added that defense has sight to mid-single digit growth.
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